High environmental burden due to livestock farming, advancements in cellular technologies, and steady research funding for alternative meat solutions in developed nations will be key contributing factors to the gradual acceptance and expansion of the market during the period of forecast. – PowerPoint PPT presentation

1Cultured Meat Market To Reach USD 19.0 Million By 2026www.reportsanddata.comsales_at_reportsanddata.com 2 Market SummaryHigh environmental burden due to livestock farming, advancements in cellular technologies, and steady research funding for alternative meat solutions in developed nations will be key contributing factors to the gradual acceptance and expansion of the market during the period of forecast. According to the current analysis of Reports and Data, the global Cultured Meat market is estimated to be valued at USD 15.29 Million by year 2021, and reach a value of USD 19.0 Million by year 2026, at an estimated CAGR of 4.4. With the increase in global demand for meat, there is also a strong lookout for meat substitutes and alternative sources of protein. 3 Our Approach Market Summary

The market, despite its popular appeal, is still at an early stage due to obstructions such as long approval periods, huge and recurring funding requirements, and the slow rate of usable output. New scaffold developments are expected to be of crucial use in the market.

Europe is projected to grow significantly at a CAGR of 4.6 in the forecast period. This can be associated with increasing investment in the market. A number of start-ups are entering into the industry majorly due to growing awareness of animal welfare, antibiotic resistance, and the environment. Increasing regulatory support in the region is also likely to stimulate demand. For instance, the European Food Safety Authoritys regulation on novel foods, specifically includes cultured meat, and establishes a process of around 18 months in which a company has to prove that its products are safe.

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4 Our Approach Market Summary

Further key findings from the report suggest

Synthetic poultry is the major driving factor behind the growth of the market. It has the most convenient in vitro production mechanism in comparison to its other source counterparts. This is due to its simplified cell structure that is easier to replicate in unnatural mediums.

Unmatched texture of cultured meat to the original is likely to pose as a challenge for the market. This factor will be crucial in shaping the consumer acceptance for cultured meat. Political affiliations are also expected to affect these acceptance levels.

Social and environmental sentiments are expected to be strong factors that will gradually increase the consumer acceptance for synthetic meat products, once they are offered in the market.

Artificial production of growth hormones can tackle the challenge of cost burden that restricts the growth of cellular agriculture. Using natural means for growth cost the companies extensively and such expensive products will fail in market penetration.

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